Airbus close to selling stake in Dassualt Aviation
Airbus Group SE is close to selling off its remaining holding in Dassault Aviation SA as the European aircraft maker disposes of assets to focus on its core businesses, people familiar with the matter said.
June 9, 2016 By Bloomberg News
Airbus is working with advisers, and a sale could come as soon as this week, the people said, asking not to be named because the deliberations are private. No final decision has been made and the timing could change, the people said.
Airbus held 23.6 percent of Dassault Aviation as of April 3, according to data compiled by Bloomberg. That holding has a market value of about 2.1 billion euros ($2.4 billion). Spokesmen for Airbus and Dassault declined to comment. Airbus said in October that it planned to offload the remaining shares by the end of this year as it overhauls its portfolio and sells assets. | READ MORE